Question No 26 Chapter No 15 - USHA Publication 11 Class

Question No 26 Chapter No 15

Table of Contents

The solution of Question No 26 Chapter No 15: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Dishonour of Bill

26. Sunny drew a 4 months bill on Dharam for Rs 15,000 on 1st March 2017 for goods sold. The bill was duly accepted by Dharam and returned to Bhat. On the due date, the bill is dishonoured by Dharam
Record the entries in the books of both the parties in the following cases when Rs 200 noting charges are paid in each case.
(a)The bill was retained by Bhat till Maturity
(b)The bill was discounted from the State bank for India for Rs 14,400
(c)The bill was endorsed to Hema
(d)The bill was sent to a bank collection

The solution of Question No 26 Chapter No 15: –

In the books of Sunny
Date	Particulars		L.F.	Debit	Credit
2018
Mar.1	Bill Receivable A/c	Dr.		15,000
	To Dharma A/c				15,000
	(Being bill drawn for 4 months)

(a)	Dharma A/c	Dr.		15,200
	To Bill Receivable A/c				15200
	(Being retained bill dishonoured )

(b)	Bank A/c	Dr.		14,400
	Discount A/c	Dr.		600
	To Bill Receivable A/c				15,000
	(Being bill discounted from the bank)

	Dharam A/c	Dr.		15,000
	To Bill Receivable A/c				15,000
	(Being discounted bill dishonoured )

(c)	Hema A/c	Dr.		15,000
	To Bill Receivable A/c				15,000
	(Being bill endorsed)

	Dharma A/c	Dr.		15,000
	To Bill Receivable A/c				15,000
	(Being endorsed bill dishonoured )

(d)	Bank for collection A/c	Dr.		15,000
	To Bill Receivable A/c				15,000
	(Being bill discounted from the bank)

	Dharam A/c	Dr.		15,200
	To Bill Receivable A/c				15,000
	To Bank A/c				200
	(Being discounted bill dishonoured )

In the books of Dharam
Date	Particulars		L.F.	Debit	Credit
2018
Jan.1	Sunny A/c	Dr.		15,000
	To Bill Payable A/c				15,000
	(Being bill payable for 4 months.)

(a)	Bill Payable A/c	Dr.		15,000
	Nothing charge A/c			200
	To Sunny A/c				15,200
	(Being retained bill dishonoured)

(b)	Bill Payable A/c	Dr.		15,000
	Nothing Charge A/c			200
	To Sunny A/c				15,200
	(Being discounted bill dishonoured)

(c)	Bill Payable A/c	Dr.		15,000
	Nothing Charges A/c			200
	To Sunny A/c				15,200
	(Being endorsed bill dishonoured)

(d)	Bill Payable A/c	Dr.		15,000
	Nothing Charges A/c	Dr.		200
	To Sunny A/c				15,000
	(Being bill sent to the bank for collection dishonoured)